Loan Documentation

Applying for a mortgage loan can be a daunting task,
especially these days.
That's why it's important to
inform members what is required
up front so they can
get an approval as fast as possible.
In fact, the more paperwork that is collected up front,
the less paperwork is required during the process.
Here are the initial pieces of information required
to get a loan pre-approved:

General Information Needed:

Income Documentation:

Salaried Employee:

1 month of current pay stubs for each borrower

W2's from last 2 years for each borrower

Federal Tax Returns from last 2 years (all pages)

Self-Employed:

Copy of Business License for last 2 years (must not be expired)

Retired or Pension Income:

Social Security Award Letter & proof of payment
(monthly award stub)

Pension Award Letter

Asset Verification:

All pages of last two months
Credit Union or Bank statements

All pages of most recent 401k, IRA, CD, Stocks & Bonds
or other asset statements

Identification Information:

Copy of Drivers license and social security card
or copy of passport for all people on loan.
(Please make these as large as possible
so that we can see the detail.)

Initial Disclosures:

Once the loan application is complete,
we send the member their initial
governmental loan disclosures to look over and sign

If the member is Refinancing
a Home, we also need:

Insurance Information:

Insurance Company

Agent Name

Agent Phone Number

Policy Number

Mortgage Information:

Copy of the member's current
mortgage statement(s)

Please explain to your member that the days
of “stated this & stated that” are over,
and that paperwork is now the name of the game.
Please help set the expectation up front
that lenders need to fully document
their files so the file is clean for auditors.
We will help them get through the process
in the fastest and most efficient way possible.

Call us anytime at (800) 795-1333 with questions.

Apply Now

Thank you for your interest
in our mortgage and real estate services!
We are dedicated to helping you achieve your goals for your new home loan.
We will be here every step of the way to help you,
and if there is anything we can assist you with along the way,
please let us know.
Our goal is to serve you!

Mortgage loan data may be collected,
processed and underwritten by our partner
CU HomeLand Corp./American Pacific Mortgage Corporation.
Loans may or may not be funded by the Credit Union.
Rates are subject to change without notice.
We do business in accordance with
the Federal Fair Housing Law and Equal Credit Opportunity Act.